Dell profit declines 47% in Aug-Oct

Written by Press Trust of India | New Delhi | Updated: Nov 17 2012, 09:29am hrs
Computer maker Dell on Friday reported a 47% drop in net profit to $475 million for the August-October quarter of this fiscal, mainly on lower PC sales and weak demand from large enterprises. The company had posted a net profit of $893 million in the same period last year.

The company's revenues also dropped by 11% to $13.72 billion in the third quarter of FY13 from $15.36 billion in the year-ago period, Dell said in a statement. Its revenues were down by 5.24% sequentially.